Research Article

How Investor Structure Influences the Yield, Information Dissemination Efficiency, and Liquidity

Table 3

Statistical results in each experimental group.

Experimental groupProportion of informed tradersMAETurnover rate of limit order

11/68.6430.67%
21/36.0620.45%
31/22.8532.06%
42/312.9512.94%
55/616.4312.40%